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ES #F Another New High

As mentioned yesterday the chart was overall bullish and another new high was made. The expected pull back did not materialise and we still got the Divergence down on the Simplified Volume Oscillator (double Divergence down) and we still got the Overbought signals on different time frames. Watch out for a Volume Flow signal down and Selling pressure, before any pull back of note will occur. It looks like Buying pressure is easing at the moment. A pull back to around the 2517.25 area is possible. A bar close below 2506.50 can spark some weakness.

See results of our Strategy on the MTF Tool trading the EURO


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